PRESS RELEASE


Western Asset Corporate Loan Fund Inc. Announces Financial Position as of June 30, 2017


October 18, 2017

 

NEW YORK--(BUSINESS WIRE)--Western Asset Corporate Loan Fund Inc. (NYSE: TLI) today announced the financial position of the Fund as of June 30, 2017.

  Current Q Previous Q Prior Yr Q
  June 30, 2017 March 31, 2017 June 30, 2016
Total Assets (a) $185,005,712  $183,429,566  $172,520,887 
Total Net Assets (a) $113,998,258  $116,529,110  $111,521,246 
NAV Per Share of Common Stock (b) $11.47  $11.73  $11.22 
Market Price Per Share $11.13  $11.28  $10.35 
Premium / (Discount)  (2.96)%  (3.84)%  (7.75)%
Outstanding Shares  9,938,962   9,936,907   9,935,917 
       
Total Net Investment Income (c)(d) $1,709,594  $1,765,140  $1,793,347 
Total Net Realized/Unrealized Gain/(Loss) (c) $(2,152,437) $348,828  $4,552,584 
Net Increase (Decrease) in Net Assets From Operations (c) $(442,843) $2,113,968  $6,345,931 
       

Earnings per Common Share Outstanding

      
Total Net Investment Income (c)(d) $0.17  $0.18  $0.18 
Total Net Realized/Unrealized Gain/(Loss) (c) $(0.22) $0.04  $0.46 
Net Increase (Decrease) in Net Assets From Operations (c) $(0.05) $0.22  $0.64 
       
Undistributed/(Overdistributed) Net Investment Income (e) $95,628  $497,839  $1,154,481 
Undistributed/(Overdistributed) Net Investment Income      
Per Share (e) $0.01  $0.05  $0.12 
       
Loan Outstanding (e) $55,500,000  $55,500,000  $48,500,000 
Footnotes:
(a) The difference between the Fund’s total assets and total net assets is due primarily to its outstanding auction rate preferred stock (“ARPS”) and use of borrowings; total net assets do not include either borrowings or the liquidation value of ARPS.
(b) NAVs are calculated as of the close of business on the last business day in the periods indicated above.
(c) For the quarter indicated.
(d) Excludes distributions paid to preferred stockholders from net investment income.
(e) As of the period indicated above.

This financial data is unaudited.

The Fund files its semi-annual and annual reports with the Securities and Exchange Commission, as well as its complete schedule of portfolio holdings for the first and third quarters of each fiscal year on Form N-Q. These reports are available on the Commission’s website at www.sec.gov. To obtain information on Form N-Q or a semi-annual or annual report from the Fund, shareholders can call 1-888-777-0102.

Western Asset Corporate Loan Fund Inc., a non-diversified closed-end management investment company, is managed by Legg Mason Partners Fund Advisor, LLC, a wholly-owned subsidiary of Legg Mason, Inc.

For more information about the Fund, please call 1-888-777-0102 or consult the Fund’s web site at www.lmcef.com. Hard copies of the Fund’s complete audited financial statements are available free of charge upon request.

Data and commentary provided in this press release are for informational purposes only. Legg Mason and its affiliates do not engage in selling shares of the Fund.

 

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